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RLX expands portfolio

Regional Livestock Exchanges (RLX) is pleased to announce that it has entered into a long-term lease of the Camperdown Saleyards following a public expression of interest process run by the Corangamite Shire Council.

The lease of the saleyard facility represents an integral step in the expansion of the RLX network into Southern and Western Victoria which currently encompasses a portfolio of facilities stretching from Rockhampton Qld to Ballarat VIC.

The RLX portfolio of modern livestock selling facilities has a current annual turnover exceeding $1bn with its latest upgrade being the Central Victorian Livestock Exchange (CVLX) at Ballarat, which will open mid-year.

From the 24 May, the Camperdown saleyards will operate under new management and be renamed the Corangamite Regional Livestock Exchange (CRLX). The first sale under new management will take place on Tuesday 29 May.

It is expected that the CRLX facility will undergo a range of improvements in the coming years. These improvements will include transitioning the site to be a soft floor facility, improving onsite water usage and enhancing operational efficiencies.

Dan Muller, Business Transition Manager for the RLX portfolio said, “Our main focus is to maintain and enhance regular sales at CRLX with a focus on expanding the range of services available at the facility”.

“Due to the nature and regional locations of the RLX facilities, our operations have a significant impact upon the communities, in which we operate. RLX is looking forward to engaging with and supporting the region where possible”, Mr Muller said.

Corangamite Shire Councillor and Chair of the Saleyards Advisory Committee Simon Illingworth said the long-term lease was “a vote of confidence” in the Camperdown Saleyards.

“Regional Livestock Exchanges has a proven track record of investing in and improving regional saleyards across Australia,” he said.

“This long-term deal means stability and security for our farmers and stock agents, who will be able to get on with the job and continue to make it a great place to do business.

“I want to thank the stock agents and farmers for their patience while this deal was being signed,” he said.

Corangamite Shire Mayor Jo Beard said Council had always been committed to getting the best outcome for the future of the facility.

“The saleyards has enormous potential and it continues to record strong sales in a competitive environment.

“I want to thank everyone who has been involved in this process for their understanding and I encourage farmers, stock agents and members of the community to maintain their commitment to the local saleyards and the new operators,” Cr Beard added.

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Back (L-R) Brian Gleeson, Phil McVilly, Tim Healey, Louise Ebbelaar, Dan Carey

Front (L-R) Cr Simon Illingworth, Dan Muller, Mayor Jo Beard